AACE International is
dedicated to advancing the study of cost engineering and cost management
through the integrative process of total cost management as outlined in the AACE International
TCM Framework. To promote this objective, AACE awards academic
scholarships to full-time students pursuing a degree in engineering, construction management, business management, or similar directed to working in the construction or engineering profession. The cost
engineering profession uses the process of total cost management to identify
and define those areas of business in which the discipline of cost engineering
and cost management principles may be applied to plan and control resources,
assets, costs, profitability, and risk. The major elements of the cost
engineering discipline include estimating, project/product controls, planning
and scheduling, business sciences, and project/product management.
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